NPSS regulation will be 'difficult and expensive'

Following a round table discussion held as part of IFAonline.tv, Steve Folkard, head of pensions and saving at Axa Sun life, said a new system would be hard to regulate, tempting employers to flout the rules. In his comments expressed in IFAonline.tv's Speakers' Corner, Folkard points out the target market for a NPSS model would be small employers of less than five people, but he adds we already have an example of how it would work with the stakeholder system where any company with five or more employees, including the director or owner, has to offer a stakeholder scheme. But Folkard sa...